As Covid-19 continues to wreak havoc around the globe, its devastating impact on Thailand's economy is becoming increasingly apparent. With its borders closed to international travelers for the foreseeable future, Thailand's tourism industry, whose revenues account for more than 15% of the country's total GDP, has been largely decimated. Businesses heavily reliant on tourism have closed their doors in the thousands – and many companies who were already experiencing financial difficulties pre-Covid-19 have now been pushed over the edge into insolvency.
June 16, 2020